Ministries and other national bodies

The National Bank of Cambodia (NBC) has announced a $50 million auction this week to stabilise the local currency exchange rate in the market. The NBC has informed banks, microfinance institutions (MFIs) and licensed money exchangers that the minimum rate for auction will be announced ...

The Ministry of Public Works and Transport (MPWT) held consultations to decide the location of National Ring Road 4 around Phnom Penh. Once complete, it is expected to ease traffic and freight transportation. But the location of the project is being kept under wraps to ...

The Ministry of Public Works and Transport has convened a meeting to discuss the speeding up of the draft port law. The law is expected to play a crucial role in management and development of port, promotion of national and international trade, order maintenance, facilitation ...

Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, has encouraged farmers to consider raising frogs as the market demand for the baby frogs is increasing. ...

Global financial institutions have provided a more positive outlook for Cambodia’s economic outlook because the country has been far less affected by COVID-19 than others. Cambodia’s Ministry of Economy and Finance (MEF) claimed that the prediction is based at least in part on the government’s ...

The Ministry of Tourism and the private sector have discussed a nearly 200-page draft roadmap to restore the tourism sector during and after the COVID-19 crisis for the period 2020-2025. ...

The government is sending a new draft law on investment to the private sector to discuss ways to make it more comprehensive and help Cambodia become an attractive destination for new investment and to improve the investment environment in the country. ...

The Ministry of Education, Youth and Sport on Wednesday issued guidelines for schools to lessen the impact of flood damage. Minister Hang Chuon Naron said the recent flash floods have affected school buildings, study materials and equipment. ...

After inspecting heavily flooded roads in the country, the Ministry of Public Works and Transport urged specialists in Phnom Penh and the provinces to ban traffic on the most-affected roads to reduce safety risks to citizens and prevent damage to property. ...

The Fake News Monitoring Committee of the Ministry of Information found 145 cases of fake news, incitement, social pollution and insults against the Kingdom’s senior leadership on social media in September. ...

Nine organisations on Tuesday received certificates of acknowledgement for their child care centres from the Ministry of Social Affairs, Veterans and Youth Rehabilitation following ministerial evaluation at the centres. The organisations run 12 child care centres. ...

Labor Minister Ith Samheng yesterday asked the European Chamber of Commerce in Cambodia (EUROCHAM) president Tassilo Brinzer to help attract more investors to Cambodia. ...

“Within almost a four-month period as of October 2, 2020, we received a total of 1,793 applications, 1,367 of which have been approved and 426 of which are under review. The average number of days it takes to register a company is eight,” said Undersecretary ...

Cambodia exported 179,621 tonnes of rubber in the first nine months of 2020, a jump of 3.78 per cent from the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries. ...

The National Bank of Cambodia (NBC) has made it clear that the whole microfinance industry should not be held accountable for some of the unregulated microloans that are pushing people deeper into debt. ...

The Ministry of Agriculture, Forestry and Fisheries (MAFF) has claimed that it is revising the economic land concession (ELC) laws to ensure that the land is being used properly to benefit the country’s economy. ...

The National Bank of Cambodia (NBC) is continuing to accept small denomination US banknotes ($1, $2 and $5) “free of charge” from financial institutions, despite the August 31 deadline it had set out in May. ...

The government is now drafting a policy on pepper with the intention of scaling up a competitive advantage, attract investors and boost added-value to Cambodian pepper production, according to a senior official at the Ministry of Commerce. ...

Cambodia exported a total of 5.8 million tonnes of agricultural products to foreign markets during the first nine months of this year, despite the global COVID-19 crisis. ...

Koh Kong police dispersed a protest in front of the provincial hall around 2am on Tuesday, removing tents and arresting four protestors. The protesters set up tents in front of the provincial hall on Monday in an effort to accelerate a solution. ...

The US Agency for International Development (USAID) and the Ministry of Environment led monks and youth to inspect the work of rangers protecting Prey Lang in Kampong Thom province on Monday and Tuesday. ...

National Bank of Cambodia Governor Chea Chanto said Cambodia needs a strong national currency to strengthen its economic and financial resilience to underlying crises, as well as to support sustainable and inclusive socio-economic growth and development. ...

Techo Startup Centre (TSC), under the Ministry of Economy and Finance and the association of banks in Cambodia, yesterday signed a memorandum of understanding (MoU) on cooperation to promote financial technology systems in Cambodia. ...

The Australian Embassy has donated its national water-modelling platform, eWater Source, to the Cambodian government as part of the nation’s ongoing support for sustainable water management throughout the Mekong region. ...